Money Management strategies
Results 1 to 2 of 2
  1. #1
    Join Date
    Mar 2006

    Default Money Management strategies

    Hello all. I'm pretty new to trading and stumbled on this site. I haven't done much exploring yet but are there other sites for beginners or have I already found the best beginner FX site at BabyPips?

    Anyways, my real question is about money management. I saw this topic thrown around and I just want to know what it means and if there are strategies involved with it.

    Thanks for your help!

  2. #2
    Join Date
    Nov 2006

    Wink Money Managment

    Hi,It means you have to use only a special amount of your money for each trade. Look, you have 2000 $ and you want only 2 percent of it be at risk, so if you want to order your stop loss should be 40 $. In other word if you order 0.1 lot at EUR/USD @ 1.2764, your SL could be 1.2724. For more information check ACTIONFOREX articles. Good luck

Forum Sponsors

Similar Threads

  1. Money Management
    By fxNOOB in forum Newbie Island
    Replies: 6
    Last Post: 10-11-2010, 05:55 PM
  2. Money management strategies- what is better?
    By david wood in forum Forextown
    Replies: 20
    Last Post: 10-14-2009, 05:57 AM
  3. Profit taking/money management methodologies
    By pipbull in forum Forextown
    Replies: 1
    Last Post: 12-20-2006, 06:36 PM
  4. Money Management Skills
    By geline in forum Forextown
    Replies: 0
    Last Post: 05-26-2006, 07:44 PM
  5. Fixed Ratio Money Management
    By fxNOOB in forum Forextown
    Replies: 3
    Last Post: 05-06-2006, 10:06 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
"The greatest success is successful self-acceptance."
Ben Sweet